Rule Change Presents Challenge for Zelle

The payments network Zelle is owned by seven United States based banks, and has been under the careful watch of lawmakers. A potential rule may shift the responsibility to the banks when the banks’ customers are subject to fraud. Presently, in most cases the customer is presently responsible for any income lost if the transaction…

London Court Orders Six Crypto Exchanges to Share Client Details to Assist in $10.7M Fraud Case

London’s High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, CoinDesk sister company Luno and Kraken, to disclose client information to help trace $10.7 million that was stolen from a U.K.-based exchange in 2020, according to a court judgement. The exchange, which remains anonymous as it continues to track stolen funds, managed to…